Can an existing brokerage account be transferred offshore?
Yes. Existing brokerage accounts may be transferred to an offshore brokerage account. First an offshore company is established. Then an offshore brokerage account is opened in the name of the offshore company. Once the offshore brokerage account is opened, transfer authorization is submitted to the domestic brokerage and the account will be transferred offshore. All of the securities positions will be transferred from one brokerage to another, the holdings within the account do not need to be sold.
Related Questions
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